Skip to main content

Sales and New Listings Down, Average Price up in July

August 5, 2010 -- Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002.
"The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring," said Toronto Real Estate Board (TREB) President Bill Johnston.
Total sales through the first seven months of 2010 were up 12 per cent compared to the same period in 2009.
Notwithstanding the fact that price trends vary at the neighbourhood level in GTA, the average price for July transactions was $420,482, representing a six per cent increase over July 2009. Over the first seven months of 2010, the average selling price was up 12 per cent annually to $432,253.
"Market conditions promoting growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between buyers to exert upward pressure on price," said Jason Mercer, TREB's Senior Manager of Market Analysis.Median PriceIn July, the median price was $361,000, from the $339,900 recorded during July of 2009.

Comments

Popular posts from this blog

ANOTHER ABSOLUTE STUNNER IN BAYVIEW VILLAGE

If You're Looking For A Bright & Spacious Bungalow That's Move-In Ready, This Is It! Warm & Inviting From The Moment You Step Inside. Thousands Spent In Upgrades Including: Updated Baths, Kitchen, Stainless Steel Appliances, HVAC & Walk Out To Private Side Yard Covered Deck w/BBQ & Natural Gas Line. A Spectacular Family Room Addition w/ Vaulted Ceilings & Extra Large Sliding Windows Sets This Bungalow Apart From Others. Separate Entrance To Finished Basement With Oversized Above Grade Windows That's Easy To Convert To An In-Law Suite, Tons Of Built In Storage, Hardwood Floors Thru-Out, Double Car Garage, 2 Fireplaces & More. Steps To TTC, Parks, Shopping & Schools. Earl Haig School District. This Is A Must See!!!! Please don’t hesitate to contact us, we’re happy to answer any questions you have.  Jason Walker  |   Realtor 416-930-3301 | 1jawalker@gmail.com

Ordering Picture Frames Online

Thanks to smartphone technology, it's now possible to send your favourite photographs and images off to a professional framing house, without leaving your home or risking damage to a precious print. All you need is a good quality digital photograph or image from your phone or camera that you can email or file transfer. In some cases, depending on the facility (and copyright laws), you may also be able to provide a high-resolution image of artwork for framing. Of course, the higher the resolution you can send, the better the quality of the results you'll receive.  But, that's just the beginning. Before committing to a particular frame, you can now use a frame service's app to test-view your photo, poster or art in position with an entire inventory of virtual framing and matting arrangements. You can try different combinations until you find the one that works best for you. You can even see how an individual piece looks on your wall or plan out an entire collage or galler

TRREB MLS® Sales-to-New Listings Ratio April 2023